Since opening its doors in April 2005, the Pension Protection Fund has taken on many schemes under its wing. It is currently paying out compensation to thousands of British people whose employer has gone bust.This page gives you the latest information on the schemes as they transfer into the PPF every month.
September 2008 Update
The following schemes transferred to the PPF in September 2008: | | | Total number of schemes transferred = 61
Total number of members transferred = 18,957
Total compensation paid to date = £23,634,229
Average yearly payment per person = £4,700
Schemes that have completed assessment outside PPF = 18
‘We are achieving what we clearly set out to do three years ago. The figures show how the PPF is providing stability and security for its members.’
(Partha Dasgupta, Chief Executive) |
